Examples of Covered Obligations in a sentence
As a result, the remaining balance of the Pre- Payment Amount shall be used to offset any reservation charges (or other Covered Obligations) for which Shipper is responsible under the Service Agreement and/or Tariff until the Pre-Payment Amount has been fully applied to offset such amounts.
On September 28, 2020, Shipper paid to Transporter the amount of $32,921,908 (the “ Pre-Payment Amount”), as prepayment for reservation charges (and any Covered Obligations) for which Shipper is responsible under the Service Agreement and/or Tariff.
For the avoidance of doubt, the Debtors expressly acknowledge and agree, and the Final Order of the Bankruptcy Court shall have confirmed, that, prior to the Settlement Effective Date, the Pre-Payment Amount may be debited in the amount of any Covered Obligations in accordance with the terms of the Existing Gulfport TSA, including any amounts invoiced for reservation charges under the Existing Gulfport TSA for the month of November 2020 or thereafter in accordance with the Existing Gulfport TSA.
Under the Title Transfer Contract, the Sponsored Member transfers to the Clearing House full right, title and interest in non-cash Collateral to the Clearing House on terms that, when the Sponsored Member discharges the Covered Obligations (as defined in the Title Transfer Deed) to the Clearing House, the Clearing House will transfer title to equivalent non-cash Collateral to the Sponsored Member.Either document must be executed in accordance with the instructions accompanying it.
TRQ consents, and RTIHL shall cause Rio Tinto to consent, to the Co-Lending in accordance with Clause 4.2(a) of the CTA, including the execution and delivery to the Intercreditor Agent of TRQ’s express consent to the Co-Lending becoming Guaranteed Senior Debt Obligations and Rio Tinto’s express consent to the Co-Lending becoming Covered Obligations.